Malaysia’s total auto production in January 2021 stood at 39,666 units, down by 13pc as compared to 42,942 units produced in Jan 2020, according to data released by the Malaysian Automotive Association (MAA).
The vehicle production fell in January due to a shortage of auto parts and components as the COVID-19-induced lockdown disruption in the supply chain.
Of the total output, passenger vehicle (PV) production in January fell by 15pc to 36,186 units from 42,527 units produced during the same month in the preceding year.
Production of commercial vehicles (CVs) in January, however, rose by 20pc to 3,480 units as compared to 2,889 units produced during the same month a year before.
Sales
Malaysia’s cumulative auto sales in January 2021 stood at 32,829 units, down by 24pc from 42,942 units in the previous January and by 51pc as compared to the prior month.
The MAA said that vehicle sales fell in January due to the enforcement of the movement control order (MCO) in the country to curb the spread of the COVID-19 cases and less production by few companies.
Of total sales in Jan 2021, PV sales fell by 27pc to 28,872 units as compared to 39,410 units sold in Jan 2020, while sales of CVs stood at 3,957 units, up by 12pc from 3,532 units sold during the same month in the prior year.
Outlook
The MAA has projected that Malaysia’s vehicle sales in February are expected to be lower than the January figures as the month has fewer working days.